17 Surprising Stocks Raising Dividends for 40-Plus Years

Finding a company with a long track record of consistent dividend payments is only part of the winning formula for investing in dividend stocks.

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Finding a company with a long track record of consistent dividend payments is only part of the winning formula for investing in dividend stocks. Dividend growth matters, too. Rising dividends not only make a stock more attractive to new income investors, but steady dividend hikes also reward existing investors on shares purchased at lower prices in the past.

It's not hard to find well-known names with long track records of annual dividend growth. Just start with the Dividend Aristocrats, a list of 50 companies in Standard & Poor's 500-stock index that have hiked their dividends every year for at least 25 consecutive years. A number of huge companies top this list, including AT&T (T (opens in new tab)), Exxon Mobil (XOM (opens in new tab)) and Procter & Gamble (PG (opens in new tab)). But there's a world of smaller, lesser known stocks that boast consistent dividend growth of four decades or more. We culled the following sometimes surprising names from among the 25 smallest Dividend Aristocrats. Check out these 17 stocks whose dividends have increased annually for at least 40 consecutive years.

(Dividend yields and other figures are as of June 30, 2017. Companies are listed in order of market capitalization—share price times total shares outstanding—starting with the highest. Analysts’ ratings provided by Zacks Investment Research. The full list of 50 Dividend Aristocrats is maintained by S&P Dow Jones Indices (opens in new tab). Dividend history based on company information and S&P data.)

Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is a financial writer at Kiplinger, having joined the august publication full time in 2016.


A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.


Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.


In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics and more.


Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.


Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.